BrightSpire Capital (BRSP) to Release Earnings on Tuesday

BrightSpire Capital (NYSE:BRSP) is projected to release its earnings data after the market closes on Tuesday, February 18th. Analysts expect BrightSpire Capital to post earnings of $0.19 per share and revenue of $65.81 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

BrightSpire Capital Stock Up 0.6 %

Shares of NYSE:BRSP opened at $5.97 on Friday. The firm has a market cap of $773.54 million, a P/E ratio of -5.85 and a beta of 1.88. BrightSpire Capital has a 52-week low of $5.07 and a 52-week high of $7.04. The business’s 50 day simple moving average is $5.82 and its two-hundred day simple moving average is $5.80. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73.

BrightSpire Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 10.73%. The ex-dividend date of this dividend was Tuesday, December 31st. BrightSpire Capital’s payout ratio is currently -62.75%.

Analyst Ratings Changes

BRSP has been the subject of a number of analyst reports. B. Riley reduced their price objective on shares of BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Alliance Global Partners started coverage on BrightSpire Capital in a research note on Friday, January 17th. They issued a “buy” rating and a $7.25 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, BrightSpire Capital presently has a consensus rating of “Hold” and a consensus price target of $7.45.

About BrightSpire Capital

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.